BTC Price FLASH CRASH!

[BitProdigy]

woohoo I just bought me some cheap bitcoin! how bout you??   

I wait before buying, if there is a panic selling it can goes below $100

Its' going back up now, I think I bought at the bottom 

[Quickseller]

this is the results of the bitconXT noncense. The first block was minined and the market was in panic. is that simple. Gavin and hearn break te bitcoin ecosystem

I do not doubt that the decline is related to the XT drama. It did coincide with the first XT block being found, although it is possible that the block was found with a NotXT node, so there is an even greater sense of uncertainty.......markets generally do not like uncertainty.

[leipebarry]

Ok big buyers coming in and the price is literally skyrocketing back up.  14,000 BTC exchanged on Bitfiniex in the last 5 minutes to stabilize price.

Excuse me it is not about big buyers it is all about a lot of very smart people buying up cheap bitcoins at the moment.
You have exactly 1 year to start collecting bitcoins before the next blockhalving.
Think about it.

The reason this person sold is the same reason the Chinese exchange crashed I just received that info.
Someone bought bitcoins as a investement leverage for his company but the money was lend and now he has to pay those loanes.


It is not about a dumb person or the XT issue.

[timtowner]

I wish the Winklevoss twins would make a statement about this to calm stuff down.   

Yes of course, The Winkies.... explain why them making a statement would calm this down.

I have more faith in them then anyone with Bitcoin.  They have over $1 billion in BTC and worked their asses off in getting their Gemini through U.S. regulations to launch.  They literally are putting everything behind BTC.  Most of these other experts don't have much skin in the game.

[pumawolf]

You guys losing faith just cuz the price dropped a bit..... are stupid as hell. Wisen the fuck up.

If you seriously lost faith, you never had it to begin with ...

i remember those days  when i was still fresh ,  it doesnt phase me now, i just buy now when i see this opportunity

[Liquid71]

this is the results of the bitconXT noncense. The first block was minined and the market was in panic. is that simple. Gavin and hearn break te bitcoin ecosystem

break the ecosystem by allowing economic majority to pick their direction?

LOL you take stupidity to a-whole-nother level.

The market has spoken and it wasn't nothing to do with XT, the stupid block caused a slowly dropping price to CRASH. What more evidence do you need  

[leipebarry]

This is the once in a lifetime apportunity I just can't believe everybody goes apeshit and buys like hell.
Just watch the reactions tommorow of people who feel sick they were asleep.

[kelsey]

I wish the Winklevoss twins would make a statement about this to calm stuff down.  

Yes of course, The Winkies.... explain why them making a statement would calm this down.

I have more faith in them then anyone with Bitcoin.  They have over $1 billion in BTC and worked their asses off in getting their Gemini through U.S. regulations to launch.  They literally are putting everything behind BTC.  Most of these other experts don't have much skin in the game.

actually agree, the biggest experts in crypto on this board are often ignorant to the opinion of the big money.

[BornBlazed]

Bitcoin is going too keep dropping.
Buy Duty Free Smokes while you can!  

Carton's of Cigarette's never drop in price,they only go up.The mob maybe onto something.....

[kelsey]

This is the once in a lifetime apportunity I just can't believe everybody goes apeshit and buys like hell.
Just watch the reactions tommorow of people who feel sick they were asleep.

ever heard the term dead cat bounce?

quick profit maybe but fool to go longish atm

[MrHighlands]

I bought some bitcoins around 20 minutes before the price crashed but I don't care, I'm sure it will stabilize again at an acceptable level.

[randy8777]

This is the once in a lifetime apportunity I just can't believe everybody goes apeshit and buys like hell.
Just watch the reactions tommorow of people who feel sick they were asleep.

people have said that plenty of times. these kind of dramas are closely connected to bitcoin. once or twice per year such a price decline happens. people who managed to buy are having a good time.

[Guido]

I wish the Winklevoss twins would make a statement about this to calm stuff down.   

Yes of course, The Winkies.... explain why them making a statement would calm this down.

I have more faith in them then anyone with Bitcoin.  They have over $1 billion in BTC and worked their asses off in getting their Gemini through U.S. regulations to launch.  They literally are putting everything behind BTC.  Most of these other experts don't have much skin in the game.

lol winklevii own about 30k bitcoin
even if bitcoin were worth 1k each, thats 30 million$, so a fifth of that right now
they have done very little up til now but talk
yes, gemini may be great 'when ' it comes out but others have beaten them to punch in many ways

karl gray owns vast quantities more btc, produced life on bitcoin movie and much more, prolific speaker, mover and shaker
he is more bullish on startcoin now

check his twitter @paradimeshift

[Blawpaw]

I don't know why people loose faith... crashes happen all the time.

The fork issue has put some pressure on the market and orders got out in a mad rally...

now bots are making the market bounce again, but there's no way of telling when it will stop!

[timtowner]

If you had a Bitfinex account and a Coinbase account, you couldve made some easy money.  Coinbase went under $200 for a split second but Bitfinex stayed under $200 for 10 minutes, hitting $162.

The spread was huge for those 5 minutes  

[kingscrown]

yep its done already it seems

[Quickseller]

If you had a Bitfinex account and a Coinbase account, you couldve made some easy money.  Coinbase went under $200 for a split second but Bitfinex stayed under $200 for 10 minutes, hitting $162.

The spread was huge for those 5 minutes 

They require confirmations, wouldn't be possible to arbitrage.

You are right, because it wouldn't be possible for someone to already own bitcoin on coinbase and have fiat on bitfinex...

Maybe it's the government dumping seized Bitcoins to try and accelerate the panic that's already been developing.

Thanks for the cheap coins CIA!

You don't seriously believe this do you?

[BornBlazed]

All the other Crypto Currency's are being murdered.
http://coinmarketcap.com/#USD      WTF is going on???

[philipma1957]

If you had a Bitfinex account and a Coinbase account, you couldve made some easy money.  Coinbase went under $200 for a split second but Bitfinex stayed under $200 for 10 minutes, hitting $162.

The spread was huge for those 5 minutes  

They require confirmations, wouldn't be possible to arbitrage.

If I have 20 coins in coinbase and an account at bitfinex.

I buy 20 from bitfinex  and just sell the 20 coins I have at coinbase I end up with 20 coins and 800 in cash.

[kelsey]

If you had a Bitfinex account and a Coinbase account, you couldve made some easy money.  Coinbase went under $200 for a split second but Bitfinex stayed under $200 for 10 minutes, hitting $162.

The spread was huge for those 5 minutes  

They require confirmations, wouldn't be possible to arbitrage.

tell me about it

but you can kinda do it if you set a spread up across exchanges ready for such events.

but yeah ton of arbitrage ops present themselves purely because arbitrage is so difficult to do in crypto trading.